Trump Victory triggers markets to rally

Wow – what a crazy day for the world.  Donald Trump, defying all odds, Betfair punters and media expectations (just as did Brexit did) becomes President-Elect.

The world expected a huge sell-off in financial markets were that event to occur.  Instead the markets rallied non-stop for 18 hours from 2am London time right up to the present time.  And everything is trading at prices as they were yesterday or “better” when the markets had fully priced in a win for Hillary Clinton.

The sole exception is the Mexican Peso, which lost a good 10% of its value against the US Dollar.

The two charts below illustrate a trading session which I am sure is very rare indeed.

us30-nov9

 

usdjpy-nov9

 

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